NEW YORK--Say aloha to Saks.
The retailer will open a Clearinghouse unit in Oahu, Hawaii, in November. The 30,000-square-foot store will be Saks Fifth Avenue's first location in Hawaii, and its seventh Clearinghouse.
Gary Witkin, vice chairman, said this Clearinghouse could lead to further expansion, including full-line Saks stores, in Hawaii.
It will open in the Waikele Factory Stores, and will initially concentrate on women's wear, including petites, as well as shoes and accessories, men's wear and a limited amount of children's wear and lingerie. The merchandise will be drawn from Saks's store and Folio stock, and sold at 40 to 75 percent off regular retail prices.
Saks is also reportedly negotiating with Pyramid Cos., owner of the Crossgates Commons in Guilderland, N.Y., near Albany, for a 25,000-square-foot Clearinghouse, according to sources. Neither Crossgates nor Saks officials were available to confirm this.
Saks plans to have 10 Clearinghouse stores by early 1995.

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